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Small businesses encouraged to apply for provincial Support Grant

Small businesses encouraged to apply for provincial Support Grant
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It s not for free : Restaurants, gyms rack up loans to survive

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Christopher Katsarov/The Globe and Mail Most independent businesses have racked up large debts during the pandemic, according to a new report from the small-business lobby, with entrepreneurs in the hospitality and recreation sectors hit the hardest. The Canadian Federation of Independent Business (CFIB) estimates that, based on a recent survey of its members, about seven in 10 small businesses have taken on new debt because of the pandemic, with an average debt of almost $170,000 each.

COVID-19: Recovery And Re-opening Tracker - Coronavirus (COVID-19)

To print this article, all you need is to be registered or login on Mondaq.com. As Governments and businesses turn their minds toward the recovery and re-opening of the economy, our team is closely monitoring updates from governments across Canada. The following summarizes the recovery and re-opening measures which have been announced to date in each jurisdiction. We will continue to update this summary as further measures are introduced across the country. This roundup was last updated on February 19, 2021. To see what has changed since our last update, please download our blackline, here. Federal February 19, 2021:  The Minister of Employment, Workforce Development and Disability Inclusion

COVID-19 Relief - Ontario Small Business Support Grant - Coronavirus (COVID-19)

New grants available for businesses impacted by second provincial lockdown

Business27 January 2021 By Mike Baker Some of the local businesses hit hardest by the ongoing COVID-19 pandemic may be eligible to receive an extra helping hand courtesy of the Ontario Highlands Tourism Organization [OHTO]. The group, in collaboration with its six county partners, unveiled a new funding stream earlier this month, titled the Tourism Recovery & Innovation Program [TRIP]. Developed in partnership with Ottawa Tourism, the TRIP capital projects program is geared specifically to tourism-dependent small to medium businesses and provides non-repayable funding of up to 80 per cent of eligible expenses businesses occurred while modifying operations due to the pandemic and subsequent lockdowns, up to a maximum of $20,000.

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